MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0051435
Prayog Electricals Private Limited - energy and power in Phaltan, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹62.89 Cr
▲ 55% YoY
Net profit · FY 2025
₹1.3 Cr
Net margin 2.1%
EBITDA · FY 2025
₹8.16 Cr
EBITDA margin 13%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹88.67 Cr
Satisfied ₹7.5 Lakh
Company age
61 yrs
Est. 1965
Employees · EPFO
28
Provident fund records
About Prayog Electricals Private Limited
Data last updated:
Prayog Electricals Private Limited is a private limited company based in Phaltan, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 18 May 1965 and has been in existence for over 61 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31100PN1965PTC184035. Its GSTIN is 27AAACP6876A1ZF (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Milind Ramesh Wani (Whole-Time Director) and Rajaram Shinde (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Phaltan, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹62.89 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹1.3 Cr (net margin 2.1%) and EBITDA of ₹8.16 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 76% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Prayog Electricals PVT LTD. As per MCA filings, the company has open charges of ₹88.67 Cr and satisfied charges of ₹7.5 Lakh on record.
Prayog Electricals Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0051435). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prayogelectricals.com.
Company details
CIN U31100PN1965PTC184035
Registration Number 184035
Incorporation Date 18 May 1965
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0051435
CIN history
Prayog Electricals has one previous CIN (Corporate Identification Number): U31100MH1965PTC013207. The current CIN is U31100PN1965PTC184035, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31100PN1965PTC184035 | Current |
| U31100MH1965PTC013207 | Previous |
Key People
Milind Ramesh Wani Whole-Time Director Rajaram Shinde Whole-Time Director Sameer Sambhaji Shinde Whole-Time Director Recognitions & Rankings of Prayog Electricals
Contact details
Prayog Electricals Private Limited's registered office is in Phaltan, Maharashtra. Its website is prayogelectricals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address269/6 At Post Dhangarwadi Shirwal, Tal. Khandala Dist. Satara, Phaltan, Maharashtra, India – 412801
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Prayog Electricals Private Limited, buy the company report.
Comprehensive company report
Prayog Electricals Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Prayog Electricals operates one associated brand: Prayog Electricals PVT LTD. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of electrical transformers and industrial components in India. | prayogelectricals.com |
Business activity
The main business activity of Prayog Electricals is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Prayog Electricals Private Limited, buy the company report.
Financials of Prayog Electricals Private Limited
FY 2025 filings availablePrayog Electricals Private Limited reported revenue of ₹62.89 Cr (up 55% YoY) for FY 2025.
Revenue · FY 2025
₹62.89 Cr ▲ 55%
Net profit · FY 2025
₹1.3 Cr margin 2.1%
EBITDA · FY 2025
₹8.16 Cr margin 13%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 55%
3 years · compounded
▲ 49%
5 years · compounded
▲ 76%
EBITDA CAGR growth
1 year
▲ 92%
5 years · compounded
▲ 174%
Revenue has grown at a compounded annual rate (CAGR) of 76% over five years, including 55% growth in the latest year. EBITDA rose 92% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.3 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 2.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Prayog Electricals Private Limited, buy the company report.
Board of directors of Prayog Electricals Private Limited
Prayog Electricals has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milind Ramesh Wani | Whole-Time Director | 03 Oct 2019 | 7 Years 1 Months | Current |
| Sachin Satyanarayan Toshniwal | Director | 01 May 2022 | 4 Years 6 Months | Current |
| Rajaram Shinde | Whole-Time Director | 01 Oct 2022 | 4 Years 1 Months | Current |
| Shashikant Shamrao Desai | Director | 29 Dec 2017 | 8 Years 10 Months | Current |
| Sameer Sambhaji Shinde | Whole-Time Director | 03 Oct 2019 | 7 Years 1 Months | Current |
| Pramod Tukaram Borhade | Whole-Time Director | 01 Oct 2022 | 4 Years 1 Months | Current |
Peer comparison
Prayog Electricals Private Limited is compared with the 5 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Evergreen Electricals Private Limited | ₹63.45 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Maktel Control & Systems Private Limited | ₹62.99 Cr (FY 2016) | 24.0% | Vadodara, Gujarat, India | |||
| Avana Electrosystems Limited | ₹62.93 Cr (FY 2025) | 18.0% | Bangalore, Karnataka, India | |||
| Prayog Electricals Private Limitedthis company | ₹62.89 Cr (FY 2025) | ₹1.3 Cr | 2.1% | 55.0% | 28 | Phaltan, Maharashtra, India |
| CMC Manufacturing Company Pvt. Ltd. | ₹62.7 Cr (FY 2024) | 30.0% | Kolkata, West Bengal, India | |||
| Powersol Infra Services Private Limited | ₹62.66 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Prayog Electricals Private Limited, buy the company report.
Auditor
Prayog Electricals Private Limited is audited by KARWA YEOLEKAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KARWA YEOLEKAR & ASSOCIATES | FY 2023 | 126211W |
Shareholding
The shareholding of Prayog Electricals Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prayog Electricals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹88.67 Cr
Satisfied charges
₹7.5 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2025 | 101218517 | Indian Bank | ₹15 Cr | Open | |
| 05 Mar 2025 | 101085986 | Others | ₹1.25 Cr | Open | |
| 04 Dec 2024 | 101039168 | Others | ₹2 Cr | Open | |
| 05 Jan 2024 | 100881719 | Others | ₹1.4 Cr | Open | |
| 05 Jan 2024 | 100881720 | Others | ₹3 Cr | Open |
To see the full charge records of Prayog Electricals Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
No court or tribunal cases involving Prayog Electricals Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Prayog Electricals Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 14 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vikarsh Nano Technology and Alloys Private Limited | |||
| Metalita | |||
| Sachin Packers Private Limited | |||
| Electrocoating and Insulation Technologies Private Limited | |||
| Vikarsh Stampings India Private Limited |
To see the full MSME payment records of Prayog Electricals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Prayog Electricals Private Limited has a workforce of 28 employees on its EPFO records as of Sep 23, 2025, across 2 active EPFO establishments.
Employee count
28
Active EPFO establishments
2
Employee growth
55.56%
GST
Prayog Electricals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP6876A1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prayog Electricals Private Limited, buy the company report.
Recent activity
Prayog Electricals Private Limited has 18 board changes on record since 1969: 12 appointments and 6 cessations. The latest: Sangita Rajaram Shinde ceased to be Whole-Time Director on 05 Jan 2026.
Ceased
Sangita Rajaram Shinde ceased to be Whole-Time Director.
Charges
A charge with Indian Bank amounted to Rs. 1,500.00 Lakh with Charge ID 101218517 was registered on 23 Dec 2025.
AGM
Prayog Electricals Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Prayog Electricals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others of Rs. 125.00 Lakh registered on 05 Mar 2025 with Charge ID 101085986 was modified on 16 Mar 2025.
Charges
A charge with Others amounted to Rs. 125.00 Lakh with Charge ID 101085986 was registered on 05 Mar 2025.
Charges
A charge with Others of Rs. 1,700.00 Lakh registered on 21 Oct 2022 with Charge ID 100659310 was modified on 02 Jan 2025.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 101039168 was registered on 04 Dec 2024.
Charges
A charge with Others amounted to Rs. 140.00 Lakh with Charge ID 100881719 was registered on 05 Jan 2024.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 100881720 was registered on 05 Jan 2024.
Charges
A charge with Others of Rs. 800.00 Lakh registered on 26 Aug 2022 with Charge ID 100612349 was modified on 05 Jan 2024.
Charges
A charge with Others amounted to Rs. 1.50 Lakh with Charge ID 100849302 was registered on 02 Dec 2023.
31 earlier events are in the company report.
Frequently asked questions
Prayog Electricals is an active private limited company based in Phaltan, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 18 May 1965 (61+ years old) and is registered under CIN U31100PN1965PTC184035.
Prayog Electricals has 6 current directors:
- Milind Ramesh Wani - Whole-Time Director
- Rajaram Shinde - Whole-Time Director
- Sameer Sambhaji Shinde - Whole-Time Director
- Pramod Tukaram Borhade - Whole-Time Director
- Sachin Satyanarayan Toshniwal - Director
- Shashikant Shamrao Desai - Director
The latest financial statements of Prayog Electricals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Prayog Electricals is 27AAACP6876A1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Prayog Electricals is U31100PN1965PTC184035. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prayog Electricals was incorporated on 18 May 1965, making it 61+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Prayog Electricals by revenue are Evergreen Electricals Private Limited, Maktel Control & Systems Private Limited, Avana Electrosystems Limited, CMC Manufacturing Company Pvt. Ltd, Powersol Infra Services Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Sangita Rajaram Shinde ceased to be Whole-Time Director on 05 Jan 2026. Pramod Tukaram Borhade was appointed as Whole-Time Director on 01 Oct 2022. Rajaram Shinde was appointed as Whole-Time Director on 01 Oct 2022. Prayog Electricals has 18 board changes on record in total.
Yes, Prayog Electricals is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0051435).
Prayog Electricals has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 14 overdue payments to 6 micro and small suppliers. The latest return was filed on 15 May 2019.
Prayog Electricals can be reached through the website prayogelectricals.com. Its registered office is in Phaltan, Maharashtra, India.
The registered office of Prayog Electricals is at 2696 At Post Dhangarwadi Shirwal, Tal. Khandala Dist. Satara, Phaltan, Maharashtra, India – 412801.
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